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Various Rating Actions On Three Malaysian GREs Following Sovereign Rating Action Jul 11 Product Image

Various Rating Actions On Three Malaysian GREs Following Sovereign Rating Action Jul 11

  • ID: 2026670
  • July 2011
  • Region: Malaysia
  • Standard & Poors

Abstract
On July, 27, 2011, Standard & Poor's Ratings Services lowered the local currency sovereign rating on Malaysia to 'A' from 'A+'. We are, therefore, taking rating actions on three GREs: PETRONAS, Axiata, and Telekom Malaysia. The sovereign rating action has no rating impact on any other corporate entity that we rate in Malaysia. SINGAPORE (Standard & Poor's) July 28, 2011--Standard & Poor's Ratings Services said today that it took various rating actions on three Malaysian government-related entities (GREs) after the sovereign rating action on Malaysia (foreign currency A-/Stable/A-2; local currency A/Stable/A-1; axAA+/axA-1) (see "Malaysia 'A-' FC Rating Affirmed; Local Currency Rating Lowered To 'A' From 'A+' On Revised Methodology; Outlook Stable," published on July 27, 2011, on RatingsDirect on the...

Companies mentioned in this report are: Petroliam Nasional Bhd.,Telekom Malaysia Bhd.,Tenaga Nasional Bhd.,AmanahRaya Real Estate Investment Trust,Axiata Group Bhd.
Action: Affirmed
Action: Downgraded
Action: Outlook: Stable

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Petroliam Nasional Bhd.,Telekom Malaysia Bhd.,Tenaga Nasional Bhd.,AmanahRaya Real Estate Investment Trust,Axiata Group Bhd.

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